Learn how to catch more trends by following that simple trading mantra
Many traders look at sideways markets as a time to fall asleep and ignore that market or specific currency pair. In reality, there comes a time in the sideways markets, where you need to become uber aware of the price action. The reason?  Non-trend transitions to trends. 

Forex news for North American trade on April 16, 2021:
Markets:
– Gold up $11 to $1775
– US 10-year yield up 1 bps to 1.58%
– WTI crude oil down 34-cents to $63.12
The impressive reversal in cable on Friday was the main event in the FX market. It slumped down to 1.3717 in Asia but turned around and

Closing changes for the main North American markets
On the week:

Weekly forex futures positioning data for the CFTC for the week ending April 13, 2021
– EUR long 67K vs 68K long last week. Longs trimmed by 1K
– GBP long 26K vs 20K long last week. Longs increase by 6K

Strong finish to the week
The S&P 500 is at a fresh record, up 17 points to 4187.
This chart is starting to look like dogecoin.

Forex news from the European trading session – 16 April 2021
Headlines:
Markets:
– CHF leads, NZD lags on the day
– European equities higher; S&P 500 futures up 0.1%

Tough to pin down equities this week
S&P 500 futures and Dow futures have turned positive in the past half-hour or so while Nasdaq futures have trimmed declines to around 0.1% now.

The CBIRC says that Huarong’s operations are normal and liquidity is ample
If you’re wondering what the deal on Huarong is, you can check out my post yesterday . As mentioned then, Chinese authorities are surely not going to let Huarong default/collapse considering its stature, and the latest statement above reaffirms that.

Bitcoin slumps 4% in a drop back below $61,000
The anticipation ahead of Coinbase IPO provided an impetus for Bitcoin to push above $64,000 earlier in the week but the disappointing performance in Coinbase shares have provided little reason for investors to be cheerful in following through on the move.

Latest data released by Eurostat – 16 April 2021